The $1.4 billion Baxter Credit Union has joined the echelons of 60 peers that service more than $1 billion in mortgage loans, even though it has only been in the mortgage business for eight years.
"Mortgage lending is paramount to BCU and our vision of becoming the primary financial institution for our members," said Mike Valentine, CEO of the Vernon Hill, Ill.-headquartered credit union. "As a cooperative, this success proves that our members place their trust in us, as we do them, and we look forward to meeting their needs for many years to come."
The number refers to loans the credit union originated and kept on its own books and those the credit union originated and sold to Fannie Mae and Freddie Mac.
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